Truist Financial
Banking company in the U.S. / From Wikipedia, the free encyclopedia
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Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina.[7] The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks.[1][8][9] Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services.[3] It is on the list of largest banks in the United States by assets; as of August 2023, it is the 9th largest bank with $514 billion in assets.[10][11] As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world, with $2.27 billion in annual revenue.[12][6]
Company type | Public |
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Industry | Financial services |
Predecessor | |
Founded | December 6, 2019; 4 years ago (2019-12-06) (as Truist)[1] |
Headquarters | Truist Center[2], , U.S. |
Number of locations | 2,001 branches (2023)[3] |
Area served | North Carolina, South Carolina, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana, Texas, New Jersey, Ohio, Pennsylvania, Washington, D.C. |
Key people |
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Products |
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Revenue | US$33.25 billion (2023)[3] |
US$ā1.05 billion (2023)[3] | |
Total assets | US$535.3 billion (2023)[3] |
Total equity | US$59.25 billion (2023)[3] |
Number of employees | 50,832 (2023) |
Divisions | |
Website | truist |